Career Advice

Amazing Resources for Career In Finance | Jobs, Interview & More7 min read

April 9, 2020 5 min read
Career in Finance

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Amazing Resources for Career In Finance | Jobs, Interview & More7 min read

Read­ing Time: 5 min­utes

If terms like — stocks, shares, secu­ri­ties, invest­ment — intrigue you, then you will make the per­fect fit in the finance sec­tor! A career in finance is chal­leng­ing yet reward­ing and lucra­tive. The finance field offers a vari­ety of career options for begin­ners who occu­py the right skills. The key to suc­cess is to iden­ti­fy the option that pro­vides a per­fect blend of pur­su­ing a career that you are pas­sion­ate about as well as that uti­lizes your skills.

Con­fused about your options? Here is a list of career options in the finance sec­tor for you to explore:

Corporate Finance

Work­ing in cor­po­rate finance is per­fect for those who enjoy prepar­ing bud­gets to max­i­mize the use of funds. So if work­ing with smart solu­tions to han­dle the mon­ey is a chal­lenge you enjoy, then this is the job for you. Com­pa­nies usu­al­ly hire cor­po­rate finance pro­fes­sion­als to include them in the com­pa­ny’s inter­nal oper­a­tions to allot, invest, as well as save their mon­ey.

The can­di­dates have to offer super­vi­sion and guid­ance on increas­ing or decreas­ing the num­ber of employ­ees as well as design a com­pre­hen­sive plan on how to strate­gi­cal­ly reduce the com­pa­ny’s cumu­la­tive oper­a­tional expens­es. You also have to study mod­els for the com­pa­ny’s Return On Invest­ment and ana­lyze them with the aim of max­i­miz­ing returns and min­i­miz­ing invest­ments.

Relat­ed Sources: 

Top 20 Cor­po­rate Finance Blogs- generationcfo.com

Read These 10 Finan­cial Blogs To Help Your Small Busi­ness Suc­ceed- hatchbuck.com

Best Per­son­al Finance Blogs in India You Must Fol­low- financegab.com

10 Most Pop­u­lar Finance Blogs You’ll Want to Fol­low Right Now- rentcafe.com

Public Accounting

Sim­i­lar to cor­po­rate finance, a pub­lic accoun­tant pre­pares and doc­u­ments the out­go­ing and incom­ing mon­ey flow for a com­pa­ny. They are also account­able for giv­ing advice and pre­sent­ing reports to reduce spend­ings and expand rev­enue.

Accoun­tants guide com­pa­nies to get an overview of how reli­able their invest­ments and finances are in order to make pre­dic­tions for achiev­ing long-term goals.

There will nev­er be a lack of clients in the com­mer­cial as well as the pri­vate sec­tor for pub­lic accoun­tants. How­ev­er, peo­ple with a pas­sion for finance usu­al­ly end up work­ing at giant account­ing firms.

Relat­ed Sources: 

15 of the Best Account­ing Blogs You Should Be Read­ing- acecloudhosting.com

Top 25 Must Read Blogs on Account­ing- account­ing-degree

Top 50 Account­ing Blogs- crushthecpaexam.com

5 Must-Read Blogs for Accoun­tants- topaccountingdegrees.org

Investment Banking

Invest­ment bank­ing is one of the most pres­ti­gious and lucra­tive career options that you can find in the finance indus­try. This role is per­fect for those who enjoy work­ing with data and num­bers to make cal­cu­la­tive deci­sions. As an invest­ment banker you have to work on the finan­cial improve­ment of var­i­ous busi­ness oper­a­tions in an orga­ni­za­tion.

How­ev­er, you must be ready to work for long hours because the job of an invest­ment banker can get quite exhaust­ing, espe­cial­ly for entry-lev­el posi­tions.

One of the best ways to land a posi­tion as an invest­ment banker is to focus on net­work­ing. Huge invest­ment banks choose promis­ing asso­ciates from top busi­ness insti­tu­tions. They may even appoint interns who have pre­vi­ous­ly worked with them.

Relat­ed Sources: 

Best of Bank­ing Blogs- billda.com

Top Invest­ment Bank­ing Blogs- carinsurancecomparison.org

50 Best Invest­ment Banks to Work for in 2020- vault.com

Invest­ment Bank­ing Results- blogs.fuqua.duke.edu

Stock Broking

Com­pa­ra­ble to invest­ment bank­ing, stock­broking is a high­ly respect­ed and lucra­tive option to make your career in finance. Stocks that are sold by the cor­po­ra­tion, are a pop­u­lar form of invest­ment to earn a sub­stan­tial amount of returns.

To decrease the risks, a stock­bro­ker ana­lyzes the stock mar­ket con­di­tions. After the analy­sis, they advise the clients on which stocks they should invest in. Work­ing as a stock­bro­ker requires strong ana­lyt­i­cal skills, sta­tis­ti­cal capa­bil­i­ty as well as gen­er­al knowl­edge of the func­tion­ing of a stock mar­ket.

Relat­ed Sources: 

7 Best Indi­an Stock Mar­ket Blogs to Fol­low- tradebrains.in

The best invest­ing blogs of 2020- thecollegeinvestor.com

How to pro­tect your stocks and mutu­al funds from stock bro­kers?- iamcheated.indianmoney.com

Financial Planning

Finan­cial plan­ners help in devel­op­ing strate­gies that secure their future and guar­an­tee cur­rent finan­cial sta­bil­i­ty. As a finan­cial plan­ner, you will be respon­si­ble for review­ing a cus­tomer’s finan­cial plans as well as for cre­at­ing a prop­er sys­tem for invest­ing and sav­ing that accom­mo­dates their indi­vid­ual needs. The sys­tem might con­cen­trate on numer­ous fac­tors such as invest­ment growth, wealth preser­va­tion or even tax plan­ning. The major­i­ty of finan­cial plan­ners either work in large orga­ni­za­tions or in small pri­vate busi­ness­es.

Relat­ed Sources:

Top Finan­cial Blogs- financialplannerworld.com

Finan­cial Blogs You Should Read- aarp.org

Voic­es 10 Influ­en­tial Blogs for Finan­cial Advi­sors- financial-planning.com

Top 50 Per­son­al Finance Blogs of 2020- crediful.com

Portfolio Management

A port­fo­lio is a com­pre­hen­sive glimpse at the sta­tus of the invest­ments made by an indi­vid­ual client or a com­pa­ny, with­out look­ing in detail at each par­tic­u­lar invest­ment. Work­ing in port­fo­lio man­age­ment will include mak­ing deci­sions about the invest­ment poli­cies of an orga­ni­za­tion. In addi­tion, you will also have to des­ig­nate the assets for the insti­tu­tion or indi­vid­ual to suit their needs.

Man­ag­ing a com­pa­ny’s port­fo­lio is all about explor­ing oppor­tu­ni­ties and under­stand­ing their strengths and weak­ness­es. You will also have to iden­ti­fy threats in the mar­ket across areas such as debt vs. equi­ty to enhance prof­its at an allo­cat­ed risk.

Relat­ed Sources:

What is Port­fo­lio Man­age­ment? Mean­ing and Objec­tives- kalyan-city.blogspot.com

Inno­va­tion Port­fo­lio Sense­mak­ing and Man­age­ment Work­shop- sitra.fi

The Best 55 Project Man­age­ment Blogs You Should Be Read­ing In 2020- paymoapp.com

3 Must-Read Blogs for Port­fo­lio Man­age­ment- snaptechinternational.com

Risk Management

If sta­tis­tics and math­e­mat­ics are your forte, then risk man­age­ment is the right career choice for you. Risk man­age­ment is one of the most wide­ly avail­able options for mak­ing a career in finance. It is a require­ment in every busi­ness because every firm needs to min­i­mize its risk. This is achieved by strate­gi­cal­ly increas­ing returns through enhanced invest­ment. Hence, to work in this field, the skill to man­age risks plays a vital role.

Risk man­age­ment pro­fes­sion­als are flaw­less­ly skilled in pro­vid­ing con­sul­ta­tions on the basis of the mar­ket risk overview as well as the pos­si­bil­i­ty of iden­ti­fy­ing a bad invest­ment con­se­quence.

Pro­fes­sion­als in risk man­age­ment use math­e­mat­i­cal rea­son­ing to advise their clients. They also ensure that their busi­ness mod­el is with­in the mis­sion and vision of the com­pa­ny.

Relat­ed Sources:

Risk Man­age­ment and Cri­sis Response Blog- osler.com

50 of the Best Risk Man­age­ment Blogs- riskmanagementmonitor.com

Top Risk Man­age­ment Blogs to Fol­low- riskonnect.com

Top 8 Risk Man­age­ment Blogs to Fol­low- clearrisk.com

Skills Required To Build A Career In Finance

It is no secret that get­ting your basic qual­i­fi­ca­tions is the first step to get into the finance field. How­ev­er, anoth­er equal­ly impor­tant aspect is to build your skillset. In today’s world, more and more com­pa­nies are giv­ing pref­er­ence to skilled and cer­ti­fied pro­fes­sion­als. So apart from your Bach­e­lor’s in finance or MBA in finance, you must work on adding the most com­mon­ly want­ed finan­cial skills to your resume.

Here are a bunch of use­ful resources to get you start­ed:

6 Finance Career Options to Con­sid­er in India- inurture.co.in

17 Best Per­son­al Finance Blogs In India- marketvein.com

5 Of the Best Invest­ing and Finan­cial Man­age­ment Blogs for Mil­len­ni­als- ellevatenetwork.com

10 Best Per­son­al Finance Blogs In India 2020- niveshmarket.com

Frequently Asked Finance Interview Questions

Regard­less of which com­pa­ny or which pro­file you inter­view for, there are always a bunch of ques­tions that the inter­view­er will ask you sim­ply because of your finan­cial back­ground. While there is no way to tell what ques­tions will be thrown at you dur­ing your inter­view, it is smart to go through com­mon inter­view ques­tions to pre­pare your­self.

Here is a list of some awe­some resources to help you pre­pare:

Can You Answer These 10 Col­lege Inter­view Ques­tions?- teenlife.com

Secured Finance Net­work & Pres­i­dent, Secured Finance Foun­da­tion- equipmentfa.com

The Future of Finance is Fin­tech: An Inter­view with Char­lotte Cross­well- innovatefinance.com

The Best Account­ing and Finance Blogs- pridestafffinancial.com

Perks Of Working In The Finance Sector

It is no secret that work­ing in the finance sec­tor will pro­vide you with lucra­tive offers and oppor­tu­ni­ties. How­ev­er, there is much more to the finance field that sim­ply receiv­ing a huge pay­check. Of course, get­ting a good salary is impor­tant for every work­ing pro­fes­sion­al, but a career in finance has so much more to offer. The sev­er­al ben­e­fits of work­ing in the finan­cial sec­tor are what make it such a com­pet­i­tive and demand­ing field.

Take a look at all the ben­e­fits and perks you get to enjoy when work­ing in the finance field:

Mas­ter of Finance- master-of-finance.org

Fintech—A Brave New World for the Finan­cial Sec­tor?- blogs.imf.org

Ben­e­fits of RPA in Bank­ing and Finan­cial Ser­vices- fideltech.com

10 Types of Finan­cial Ser­vices Offered in India- investindia.gov.in

Washija is a content specialist at Receptix. She has an MBA in Tourism and a passion for creating web content. She is an avid reader, a traveler, and a versatile writer.